Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I call fake bids at $.0101 -
If some of those bids were real, you'd think they would have joined me at .0102. So far, nothing but my 10K.
Guess NITE got all his open positions closed?
Who else has open short positions that need to get closed?
Hardly know your wife. How could I tell her?
LOL
Congrats. Hopefully 0115 is a great price.
I'm still worried about the several months possibly ahead without any release of 2024 financials.
Yep. 219K bought at $.0115 - rest got dropped.
Now ~65.8K on ask at $.015 -
Maybe MVNT can close at or near $.015 for no change on the day?
Good question. I'm watching closely.
310K bid at $.0101 - finally some big support!
I believe "other" things may be going on here.
For example, I have captured "cheap" shares with 11 trades the past 2 weeks. And yes, many of those trades were 5-digit trades. Only one time did I get shares at the ASK.
It's all very strange in my opinion.
Pink Limited guidelines for SEC reporters is confusing to me.
Normally PL can remain for a ticker up to 16 months after the date of their last Annual reported year. For SNPW that would be 16 months from Dec. 31, 2022 (FY 2022 was their last reported fiscal year). For most pink tickers that would mean they can remain PL up until the end of April 2024. SNPW just recently became SEC delinquent for not filing their 2023 10-K on time. Do you know how this circumstance would affect SNPW's PL timeline? I'm not sure.
BTW, can you tell me what IKHO stands for. Couldn't find much when I searched for the meaning of this abbreviation on both Google or on Edge. tia
Wonder how many read an iBox anyway?
I used to. But they are usually skewed one way or the other (bullish or bearish). You can usually describe any OTC in a bullish or bearish manner depending on which facts are presented and which are left out. Only for some tickers are all pertinent facts shown completely. jmho
IDK. Doesn't seem to be his style?
How did you know I had Cheerios for breakfast?
You sly dog. lol
"Shell Risk" was touted as a big negative by some.
Now there isn't a peep so far. lol
I usually write my posts as a neutral observer.
Even though I own over 2M shares MVNT.
You should know that by now. lol
If you call trading in the 01's all week good, then I can't argue with you on that point! lol
Is releasing bad news a good strategy?
Tough question to answer. On the one hand releasing bad news will cause a stock to decline, sometimes significantly. On the other hand, not releasing bad news fosters questions about communication (or lack thereof) and wild conjectures about what is going on behind the scenes. Either of these can also result in share price depreciation.
So it seems to me whatever a company might do regarding bad news (cover up or go silent), it will result in price depreciation.
I think this is what is happening to MVNT currently. MVNT hasn't released any bad news, but the cover up or lack of communication is definitely weighing on MVNT share price.
Personally I think MVNT may not have had a very good Fiscal Year (financially) for 2024. Therefore, they don't want to report it until as late as possible. That is why I suggested several months ago that I didn't expect to hear any news from MVNT until they file their 2024 annual report. I still believe that MVNT will not report anything officially until the 2024 report is filed. That could happen as soon as August (like they did in 2021) or as late as November (like they did in 2023).
Nothing anyone can do about this situation if true. Venting is about all one can do and that isn't helpful either.
No need to pump, chart speaks for itself.
To me, the critical point is $.0030 - break that and almost anything is possible on the upside imo.
$ILST
click here for weekly 2-year chart
I know. Like I said, "just dreaming".
OTC is for companies looking to raise capital.
MVNT won't need that once stable revenue streams are established.
I suggest once they get share price up to $.40 - .50/share, they should do a reverse split and uplist to NASDAQ. How's that for dreaming? lol
Agree 99%. One can usually find another OTC ticker that at least looks better than another.
It may not actually be better, but sometimes perceptions differ.
I'll guess 30-40% short (below average).
First time over 1M traded since 9/14/23 (~2.2M).
I'll settle for a close of $.015 - especially after the "weird" trading this week!
Second most volume past 3 months.
#1 was just 2 days ago (808K on 4/17).
Accumulation climbing past 4 months. And RSI finally reversing from yesterday's 4-month low of 24%.
click here for 4-month daily chart
Nice "bounce" today. Wow!
Maybe MMs had enough of pushing MVNT down for the past couple of months?
(Look at any daily chart and you'll see clearly what I'm talking about.)
People Need to do their own DD ... Amen, bro.
Of course. It's UP instead of down!
Up ~20% on a mere 344K in volume. Now imagine 5-10M in volume! lol
Not great, but better than many other OTCs.
At least they won't go to the EM for another year approximately.
"Strange" trading again. Interesting how 35K got MVNT back to 014.
You really think this stock can handle sell baby sell? I don't know.
But last time there was a selling spree GDVM held the line at $.0080 -
Personally, I wouldn't mind seeing a test of a penny support or even one as low as $.0080 again. Why? It would give me another chance to lower my average cost basis. And I'm all for that! lol
I have one answer. IDK. I have no special gift to see into the future.
Either you trust that Melvin will build his business or you don't. In my view, it's as simple as that.
good luck
All of a sudden Bid jumps and Ask jumps.
WTF??
To those demanding things from Melvin. Did you ever think that HE doesn't give a fuk what you want?
Maybe he has his own timeline as he builds his business at whatever pace HE decides?
If the complainers don't like it, there is always one quick way to express their displeasure.
Sell baby sell.
Yes, I could sell shares at the end of the year if I need a tax loss.
One of my tickers is up 19,900% today.
Yes you read that right. That's because its previous last trade was $.000001, and yes you read that right also. Two decimals lower than trips.
And yes, the opening trade today was a "massive" 100 shares at $.0002!
Crazy things can and do happen on the "Expert Market". I witnessed one today. LOL
Only the bid went under a penny. The lowest trade price was exactly one penny.
https://ih.advfn.com/stock-market/USOTC/movement-industries-pk-MVNT/trades
MVNT volume up ~600% from 3-month daily average:
https://ih.advfn.com/stock-market/USOTC/movement-industries-pk-MVNT/historicalPeriod Avg. Daily Vol
3 Months 103,829
OTCQB index actually UP ~10% from its 2023 low.
https://www.otcmarkets.com/index/.OTCQB
Volume coming in this AM. LOL